by AIP Online Bureau | Dec 12, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Policy
Omicron has been detected in Maharashtra (18), Rajasthan (9), Karnataka (3), Karnataka (3), Kerala (1) and Andhra Pradesh (1) and Union Territories of Delhi (2) and Chandigarh (1). Kerala, Andhra Pradesh and Chandigarh reported their first Omicron case on Sunday,...
by AIP Online Bureau | Dec 12, 2021 | Eco/Invest/Demography, Indian News, Pandemic
”The impact of the Omicron variant on the market has cooled off but the news flows related to Omicron may continue to cause some volatility,” said Santosh Meena, head (research) at Swastika Investmart Ltd. New Delhi: Domestic macroeconomic data...
by AIP Online Bureau | Dec 12, 2021 | Eco/Invest/Demography, Health, Indian News
”Tobacco industry in India has been virtually enjoying an extended tax-free season on tobacco products over the past four years since the introduction of the GST as there hasn’t been any major increase in tobacco taxation during this time. This has made...
by AIP Online Bureau | Dec 12, 2021 | Eco/Invest/Demography, Indian News, Trends, Facts
‘Gold ETFs saw a prominent inflow for the month too. As the scare of a new variant of SARS-CoV-2, Omicron is looked like a potential cause of worry for the economy now, investors could be resorting to the traditional form of investment as a hedge from market...
by AIP Online Bureau | Dec 12, 2021 | Banking & Bancassurance, Indian News, Policy
To augment their resources, banks would be encouraged to raise funds from the market and also by selling their non-core assets New Delhi: The government is unlikely to announce capital infusion for public sector banks (PSBs) in the upcoming Budget, as their financial...
by AIP Online Bureau | Dec 12, 2021 | Indian News, Risk Management, Technology
Prime Minister Narendra Modi’s Twitter handle was “very briefly compromised” and was secured later after the matter was escalated to the micro-blogging site, Prime Minister’s Office (PMO) informed on Sunday. New Delhi: Twitter on Sunday...
by AIP Online Bureau | Dec 12, 2021 | Eco/Invest/Demography, Indian News, Regulation, Workplace/Employee Benefits
RBI Governor Shaktikanta Das PM Modi said that over 1 lakh depositors have got about Rs 1,300 crore of their money with stressed banks in the past few days with the enactment of the legislation.He assured that about three lakh more such account holders will get their...
by AIP Online Bureau | Dec 12, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Policy, Risk Management
”India is among the few countries that have recorded four consecutive quarters of growth amid Covid-19 (Q3, Q4 of FY21 and Q1, Q2 of FY22) reflecting the resilience of the Indian economy. The recovery was driven by a revival in services, full-recovery in...
by AIP Online Bureau | Dec 12, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Workplace/Employee Benefits
Union Minister of Commerce and Industry Piyush Goyal “The most important thing is that earlier it used to take nearly 10 years, now it has been ensured that the day on which the Reserve Bank of India decides to shut down the bank, the sum of Rs 5 lakh will be...
by AIP Online Bureau | Dec 11, 2021 | Banking & Bancassurance, Indian News, Non-Life
“Our team immediately sprung into action obtained minimum mandatory documents required for the bank and expeditiously released the amount of sum insured i.e. Rs.30 Lacs within an hour and also ensured that the amount gets credited to their Axis Bank account of...
